Form to the project idea note (PIN)

Form to the project idea note (PIN)1. Project name and date of delivery Construction of small hydro power plant “Ribare“21/12/20102. Name of applicant: Institution / Entity: IGIS IMAKO Ltd.Public / Private: PrivateCore Activity: Trade and service providing3. Contact InformationContact: Predrag Armus DirectorAddress: Krunska10 / 6, 11000 BeogradTel.: 011 / 3346-768Fax: 011/3346-769E-mail: igisimako@ptt.rs4. Location of project activities Region: “Ribare” on the river MlavaCity: ZagubicaMunicipality: Zagubica5. Description of the projectDescribe the project activity, the main technicalparameters and technology to be used, possibleresults in terms of reducing emissions ofgreenhouse gases, contributing to sustainabledevelopment based on the criteria of sustainabledevelopment) (maximum 2 pages)The project involves the construction of smallhydropower plants, forces of up to 514.80 KW.SHPP Ribare/ planned as a flow without reservoir,consist of water intake (Tyrolean-type), which areintegral parts of a concrete sill and settling alongthe watercourse, steel pipe for supplying water tothe machine building and machine building itself.Planned environmental water intake does notendanger the environment and the system as awhole does not affect upstream or downstreamuse of the remaining available hydro potential ofthis river.The project will significantly contribute tosustainable development in Serbia and is based onrenewable energy (hydropower).In this project emission reductions will be achievedby replacing the current electric and / or heatpower produced by burning fossil fuels, electricityand / or heat from a source with zero emission.• The project will result in the transfer of money

and modern "green" technology, direct investmentand active participation of local companies• Data project activity leads to a reduction inemissions of greenhouse gases and the emissionreductions are "additional".• The project will result in a reduced level ofemissions of CO2, SO2, NO2• The project activity will lead to energy efficiencyon the supply side of energy systems and demand.6. Current status of the project(Pre-feasibility study, feasibility study, only projectidea, preliminary design, detailed design, inconstruction, etc.).Project Idea7. Additionality (what would happen in theabsence of project activity?)8. Assessment of financing the cost ofinvestment and available funds9. Time framePlease estimate the time frame forimplementation of the proposed projectThe project is additional since it faces significantfinancial, investment and technological barriers.Given the fact that the project leads to reductionof CO2 emissions, engaging in a project that willnot result in a CER certificates is a major risk to theproject owner who is also the owner of the parcel.In the absence of project activity Serbia will missthe opportunity to improve the criteria ofsustainable development, attract foreign investors,and further develop energy efficiency andrenewable energy.IGIS IMAKO will contribute 20-40% of capital, whileforeign funds to finance the rest.Investment costs of the project are estimated ataround 750 000 Euros.2010/2011 selection of international financialinstitutions for financing the project2011 The start of the implementation2012 Completion of construction and connectionto the grid.